VOL. XLI

No. 05

2-February-1998

OPEC

OPEC's MMC Sets Up Contact Group To Improve Quota Compliance

As widely predicted, nothing much of a concrete nature emerged from the one-day meetingheld in Vienna on 26 January by OPEC's Ministerial Monitoring Committee (MMC) whosemandate is to monitor member countries' crude oil production and compliance with OPECquota allocations. The Vienna meeting was attended by the four actual MMC members -Iranian Oil Minister Bijan Zanganeh (Chairman), Kuwaiti Oil...